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Search Results 0 to 6 of about 7
ABC
Dec 29, 2012 5:00am PST
and maryland. >>> there are fewer than three days left before taxes go up for almost all americans and several programs see major cuts. president obama met with republican and democratic leaders yesterday in a high stakes meeting at the white house. senate leaders will debate a new plan over the weekend, hoping to have a deal to vote on by monday. then it will go to the house. the president said a deal is critical for the nation. >> economists, business leaders all think we are poised to grow in 2013 as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> in the event congress does not make a deal, here's how the physical cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend lesson fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shop
ABC
Dec 23, 2012 5:00am PST
the empty hauls. >> the president's solution of raising tax rates would still be ready -- >> the republican ledder took a swipe at democrats. >> i'm stuck here trying to prevent my fellow kentuckians from having to shell out more money next year. >> when the speaker announced $800 billion in revenue by limiting deductions, the speaker asked what do i get? the president responded you get nothing, i get that for free. and the president is now hoping to get a small deal. extend middle class tax rates, extend some unemployment benefits and agree to a framework for a big deal. >> that's an achievable goal. that can get done in ten days. >> can it? consider speaker boehner's other words which are really echoing about making a deal. >> how we get there, god only knows. >> the president wasted no time getting into vacation mode. he played golf on saturday. staff members from both sides will exchange e-mails and phone calls over the next couple days. congress expected to be back at work on thursday. david curly, abc news, the white house. >> president obama is expected to attend the late senator dan
ABC
Dec 24, 2012 5:00am PST
of congress to work towards a package that spreads tax hike on middle class americans, protects unemployment insurance for two million americans and lays the groundwork for further work on growth and deficient the city reduction. >> president's solution of raising tax rates could be red ink for as far as the eye can see. >> reporter: the partisan bickering has put the country on the brink of potential economic crisis. >> it is the first time that i feel it is more likely that we will go over the cliff than not. that, if we allow that to happen, it will be thekñg)p mot colossal consequential act of congressional responsibility in a long time. >> reporter: president obama is in hawaii for christmas. he says, he will cut his vacation short to try to hammer out a deal. the deadline a week way andrew spencer, reporting. >>> president obama is giving federal employees a present, he's issued an executive order giving workers at most federal departments the day off today, it excludes workers who have to remain on duty for reasons of national security, defense or other public need, many of presiden
ABC
Dec 26, 2012 5:00am PST
tonight. lawmakers have less than a week to agree on how to avert tax increases said to go into effect in january. >>> holiday gift-giving season brings a fresh crop of electronic waste. christmas doesn't bring many happy returns, especially today. >> here's this morning's bloomberg business report. >>> good morning. christmas is over, let the returns begin say you are not a big fan of that sweater from your aunt you may want to wait a few days before heading back to the stores, the day is the worst day to return unwanted gifts the lines are the longest, clerks burned out from the holiday madness. holiday retail sales up less than a percent from last year, worst than what had been expected. worries over the if can and hurricane sandy disrupting shopping. don't forget to recycle old devices you don't want. a company called green citizen tells bloomberg it expects to see a 30% rise in e-waste between now and february. tomorrow lawmakers head back to washington to continue tackling the fiscal cliff stocks continue to fall on growing concern time is running out to come to a budget agreemen
ABC
Dec 22, 2012 5:00am PST
. >> she wants to know how president how higher taxes would impact her family. >> my mom, has to pay a lot of money important me and my siblings. >> the first graders at this school are writing their own letters with a few simple requests for the president. give us puppies and as president you should wear jeans. >> the letters will be mailed out before the holidays and students know the president is pretty busy they do expect him to respond. >> i think you'll have a big impact on our country. >> reporter: sealed, signed and soon to be delivered. >> katie: lisa argen keeping track of the storm this morning. >> we're looking at a break in the next couple of hours, we have thunderstorms, rain and wind. if you look at the toll plaza you can see light rain. the winds have been gusting to over 50 miles an hour. thunderstorms rolling through the santa cruz mountains and heavier rain in the north bay. we'll put it together for you and little break is on the way. >> it looks like people are taking their time out there. also ahead, big move for the san francisco exploratorium as it prepares for the
ABC
Dec 27, 2012 5:00am PST
and republicans have four days to reach a deal before mandatory budget cuts and tax increases kick in january 1st. >>> at least 200 teachers will get concealed weapons training in utah today, overflow crowds are expected when gun rights advocates waive usual fee for teachers. the training tolls the shooting tragedy in newtown, connecticut. gun groups believe teachers can act more quickly than law enforcement in those critical first minutes to protect children. >>> gun buy-back event in los angeles is being called a huge success, you can see why. people in their cars lined up for miles yesterday to turn in their firearms. event is held once a year and takes place in the spring, the mayor moved it up to take advantage of the outrage over the connecticut school massacre, the city gave away up to $200 in grocery gift cards. >>> lance armstrong has until today to appeal the ban imposed on him. he lost his seven titles december 6th, when the international cycling union banned him from the sport for life. those penalties came after the agency hit armstrong with similar sanctions for using banned substan
ABC
Dec 28, 2012 5:00am PST
with leaders from capitol hill hoping to avoid the fiscal cliff. spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him ofrm" dictatorship. >> boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> reporter: republicans blame democrats. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his speaker boehner call the house back into town for an unusual sunday session. members of congress understand the 11th hour actions may n
Search Results 0 to 6 of about 7